Brandt Immo: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Brandt Immo
Largest movements
- Receivables within one year +€502,757
up €502,757 (+274%), from €183,640 to €686,396
- Tangible fixed assets -€174,344
down €174,344 (-32.7%), from €533,499 to €359,156
- Current investments -€21,331
down €21,331 (-13.7%), from €156,000 to €134,670
- Reserves +€246,625
up €246,625 (+1,981%), from €12,452 to €259,077
of which Tax-exempt reserves: +€246,625
- Debts after one year -€130,071
down €130,071 (-27.5%), from €472,347 to €342,276
- Provisions +€76,208
up €76,208 (+825%), from €9,233 to €85,441
of which Deferred taxes: +€82,208
- Profit (loss) carried forward +€69,335
up €69,335 (+25.1%), from €276,367 to €345,702
- Other debts +€50,507
up €50,507 (+183%), from €27,651 to €78,158
- Gross operating margin +€318,506
up €318,506 (+240%), from €132,681 to €451,187
- Financial income +€17,402
up €17,402 (+610%), from €2,852 to €20,254
- Financial charges -€8,931
down €8,931 (-26.5%), from €33,721 to €24,790
- Taxes +€7,530
up €7,530 (+47.3%), from €15,925 to €23,455
- Depreciation -€7,357
down €7,357 (-26.6%), from €27,679 to €20,322
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €887,896 | €1,185,272 | +€297,376 | +33.5% |
| Fixed assets | 21/28 | €533,499 | €359,156 | -€174,344 | -32.7% |
| Tangible fixed assets | 22/27 | €533,499 | €359,156 | -€174,344 | -32.7% |
| Land and buildings | 22 | €533,499 | €359,156 | -€174,344 | -32.7% |
| Current assets | 29/58 | €354,397 | €826,116 | +€471,720 | +133% |
| Amounts receivable within one year | 40/41 | €183,640 | €686,396 | +€502,757 | +274% |
| Other amounts receivable | 41 | €183,640 | €686,396 | +€502,757 | +274% |
| Current investments | 50/53 | €156,000 | €134,670 | -€21,331 | -13.7% |
| Cash at bank and in hand | 54/58 | €4,144 | €3,377 | -€767 | -18.5% |
| Deferred charges and accrued income | 490/1 | €10,613 | €1,674 | -€8,939 | -84.2% |
| Total equity and liabilities | 10/49 | €887,896 | €1,185,272 | +€297,376 | +33.5% |
| Equity | 10/15 | €307,411 | €623,371 | +€315,960 | +103% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,452 | €259,077 | +€246,625 | +1,981% |
| Non-distributable reserves | 130/1 | €2,270 | €2,270 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,270 | €2,270 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,182 | €256,807 | +€246,625 | +2,422% |
| Profit (loss) carried forward | 14 | €276,367 | €345,702 | +€69,335 | +25.1% |
| Provisions and deferred taxes | 16 | €9,233 | €85,441 | +€76,208 | +825% |
| Provisions for liabilities and charges | 160/5 | €6,000 | - | -€6,000 | |
| Environmental obligations | 163 | €6,000 | - | -€6,000 | |
| Deferred taxes | 168 | €3,233 | €85,441 | +€82,208 | +2,543% |
| Amounts payable | 17/49 | €571,252 | €476,460 | -€94,792 | -16.6% |
| Amounts payable after more than one year | 17 | €472,347 | €342,276 | -€130,071 | -27.5% |
| Financial debts | 170/4 | €472,347 | €342,276 | -€130,071 | -27.5% |
| Amounts payable within one year | 42/48 | €98,905 | €134,184 | +€35,279 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €47,152 | €42,694 | -€4,458 | -9.5% |
| Trade debts | 44 | €3,586 | €4,593 | +€1,007 | +28.1% |
| Suppliers | 440/4 | €3,586 | €4,593 | +€1,007 | +28.1% |
| Taxes, remuneration and social security | 45 | €20,517 | €8,739 | -€11,777 | -57.4% |
| Taxes | 450/3 | €20,517 | €8,739 | -€11,777 | -57.4% |
| Other amounts payable | 47/48 | €27,651 | €78,158 | +€50,507 | +183% |
| Non-recurring operating income | 76A | - | €350,453 | +€350,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,679 | €20,322 | -€7,357 | -26.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€6,000 | -€6,000 | |
| Other operating charges | 640/8 | €10,977 | €10,706 | -€271 | -2.5% |
| Non-recurring operating charges | 66A | €10,600 | - | -€10,600 | |
| Gross operating margin | 9900 | €132,681 | €451,187 | +€318,506 | +240% |
| Operating profit (loss) | 9901 | €83,426 | €426,159 | +€342,733 | +411% |
| Financial income | 75/76B | €2,852 | €20,254 | +€17,402 | +610% |
| Recurring financial income | 75 | €2,852 | €20,254 | +€17,402 | +610% |
| Financial charges | 65/66B | €33,721 | €24,790 | -€8,931 | -26.5% |
| Recurring financial charges | 65 | €33,721 | €24,790 | -€8,931 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €52,556 | €421,623 | +€369,067 | +702% |
| Transfer from deferred taxes | 780 | €165 | €165 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €82,373 | +€82,373 | |
| Income taxes | 67/77 | €15,925 | €23,455 | +€7,530 | +47.3% |
| Profit (loss) for the period | 9904 | €36,796 | €315,960 | +€279,164 | +759% |
| Transfer from tax-exempt reserves | 789 | €495 | €495 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €247,120 | +€247,120 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,291 | €69,335 | +€32,044 | +85.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.